Global Air Transport USM Market Size, Drivers, Trends, Opportunities And Strategies – Includes Air Transport USM Market Research
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increase in air passenger numbers is projected to promote innovation in air transport USM production, boosting the market over the forecast period.
The global air transport USM market is expected to grow from $5.02 billion in 2022 to $5.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.26%. The global air transport USM market size is expected to reach $6.59 billion in 2027 at a CAGR of 5.42%.
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Global Air Transport USM Market Segments Include:
- By Product Type: Engine, Components, Airframe
- By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Turboprop Aircraft, Regional Aircraft
- By Application: Original Equipment Manufacturer (OEM), Aftermarket
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global air transport USM market in 2021.
Major Market Players in the air transport USM market include GA Telesis LLC., AAR Corporation, TES Aviation Group, Raytheon Technologies Corporation, A J Walter Aviation Limited, Lufthansa Technik AG, TES Aviation Group, Boeing, Liebherr Group.
Strategic collaboration is a major trend in the aircraft transport USM market. Major firms are forming a partnership to pool their resources and expand in the industry. For example, Pratt & Whitney CSA, a US-based maker of aeroplane and helicopter engines, will collaborate with Next Level Aviation in June 2021. The collaboration aims to sell USM for aeroplane engines. Furthermore, it solidifies Next Level Aviation’s position as a key global provider of USM, particularly for Boeing and Airbus aircraft platforms and related jet engines. Next Level Aviation is a corporation established in the United States that supplies used serviceable materials (USM). Furthermore, AAR, a US-based provider of aviation services, will collaborate with Fortress Transportation and Infrastructure Investors in December 2020.
The Air Transport USM Global Market Report 2023 provides a air transport USM market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air transport USM market forecast analyzes air transport USM market size, air transport USM market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Air transport USM (used serviceable material) refers to retired aircraft parts that have been reinstalled in operational aircraft. These materials are instantly changed in service aircraft, which helps to reduce aviation maintenance costs.
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